Plus: *Internal pipeline explosion affects fuel *Saddam-era deals with China, India, Vietnam and Indonesia likely to move *Turkish overtures to Baghdad and Erbil *Crackdown on smuggling and control of gas stations *Much, much more… Iraq oil sales earned $500 million more in March than February because of increased oil prices, despite a slight drop in […]
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Q&A: Ali Nazar al-Shatari, deputy director general of SOMO
Infrastructure bottlenecks will limit Iraq's exports and production in the short term, but SOMO is squeezing value from oil sales through new marketing strategies.
Iraq financial crisis prompts emergency action
Years of unrestrained spending and economic mismanagement have come to a head as oil prices drop and security costs soar, triggering risky fiscal maneuvers and IOC worries.